Home The Board Time for a CEO MOT

Time for a CEO MOT

by Arthur Kendall

This week has seen talk of making top executives take some sort of hubris test or CEO MOT* as a way of identifying what is the single biggest – yet un-assessed – risk to any business, the over-confidence of the CEO, a trait that can lead to disastrous, unchallenged decisions.

The idea was originally suggested by Chris Wiscarson, head of UK insurer Equitable Life in a Sunday Telegraph Interview. In the interview Wiscarson displays dismay at how the lessons learnt from the collapse of the mutual insurer were ignored in the run up to the banking crisis – by both banks and banking regulators. Factors identified in the detailed report “Did Anyone learn Anything From The Equitable?” by Richard Roberts, professor of…

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